AIDS Healthcare Foundation acquires MOMS Pharmacy
LOS ANGELES — The largest nonprofit organization focused on HIV and AIDS has acquired a group of specialty pharmacies.
The AIDS Healthcare Foundation announced the acquisition of MOMS Pharmacy. Founded in 1983 and a division of Allion Healthcare, MOMS operates 12 pharmacies and MOMS Pharmacy Access Centers in California, Washington, Massachusetts, Connecticut and New York, providing a wide range of medications and services. AHF also operates 19 AHF Pharmacy centers in California, Florida and the District of Columbia. Financial terms of the deal, which was closed on Monday, were not disclosed.
"This agreement establishes AHF as a true leader in specialized pharmacy services tailored to serving HIV/AIDS clients with an even greater presence throughout the United States," AHF president Michael Weinstein said. "MOMS Pharmacy’s strong national footprint, coupled with AHF’s existing comprehensive offerings, will bolster our ability to serve the communities in our core markets as well as increase our impact through new operations in key markets on the East and West Coast."
FDA approves opioid addiction treatment
RICHMOND, Va. — The Food and Drug Administration has approved a drug made by Reckitt Benckiser Pharmaceuticals for treating addiction to opioid drugs, the drug maker said.
Reckitt Benckiser announced the approval of Suboxone (buprenorphine and naloxone) sublingual film in the 4 mg and 12 mg strengths, used for the maintenance treatment of dependence on prescription opioid painkillers and heroin. Addiction to opioid drugs is a growing epidemic in the United States, the company said.
"Opioid dependence affects millions of Americans from all walks of life and socioeconomic levels, with the number growing each year," Reckitt Benckiser president for North America Richard Simkin said. "As the market leader and committed partner of care, we developed Suboxone sublingual film and the portfolio of dosage strengths to respond to critical public health issues: helping fulfill treatment needs with a product that is both effective and individualized and reducing the risk of pediatric exposure."
Church & Dwight acquires Vitafusion, L’il Critters line of gummy supplements
PRINCETON, N.J. – Church & Dwight on Monday became the latest large-scale CPG company to field a line of gummy vitamins with its acquisition of Avid Health for $650 million in cash.
“The acquisition of Avid’s gummy vitamins business represents a great addition to our existing portfolio and brings to our company a new growth platform in one of the fastest-growing segments of the attractive vitamin/mineral/supplement category," stated James Craigie, Church & Dwight chairman and CEO. "It is also consistent with our strategy of strengthening our business by adding No. 1 or No. 2 brands in areas of high growth potential.”
Avid’s net sales for the trailing 12 months through June 30, 2012 were approximately $230 million. Avid’s major brands are the adult gummy vitamins Vitafusion and the line of children’s gummy vitamins L’il Critters.
Gummy vitamins formulated for adults has been trending in the supplement space. Pharmavite earlier this year launched a line of gummy supplements that included a multivitamin, a fish oil, calcium, vitamin C, vitamin D, B-Complex and a CoQ10 formulation.
The Church & Dwight/Avid Health transaction, which is subject to regulatory approval and other customary conditions, is expected to close early in the fourth quarter, the company stated.